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2025-02-28-accounts

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT

Financial Statements for the year ended 28 February 2025

Registered Charity in Northern Ireland (NIC101600)

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF FINANCIAL ACTIVITY

Year ending 28 February 2025

Receipts
Note
Donations and Legacies
3
Charitable activities
4
Other income
5
Investment income
6
Sale of investments
Sale of fixed assets
Loans received
Total Receipts
Payments
Raising funds
8
Charitable activities
9
Support & Governance costs
10
Refurbishment Project
Social economy
Purchase of investments
Purchase of fixed assets
Loan repayments
Total Payments
Net receipts/(payments)
Transfers between funds
Net movement of funds
Funds brought forward
Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
0
0
0
4,586
144,794
0
0
0
0
0
0
0
Total 2025
0
149,380
0
0
149,380
0
0
0
0
149,380
0
113,979
22,941
0
0
136,919
0
0
0
0
136,919
12,461
0
12,461
117,078
129,539		 Total 2024
0
224,506
0
0
4,586
144,794
0		 224,506
0
0
0
0
0
0
0
0
0		 0
0
0
0
0
0		 0
4,586
144,794
0		 224,506
0
0
0
0
113,979
0
969
21,971
0		 0
174,562
26,549
969
135,950
0		 201,110
0
0
0
0
0
0
0
0
0		 0
0
0
0
0
0		 0
969
135,950
0		 201,110
3,617
8,844
0
0
0
0		 23,396
0
3,617
8,844
0
34,271
82,807
0		 23,396
93,682
37,888
91,651
0		 117,078

Registered Charity in Northern Ireland (NIC101600)

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF ASSETS AND LIABILITIES As of 28 February 2025

Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Funds Reconciliation
Bank and Cash at start of year
34,271
82,807
0
Net movement in funds
3,617
8,844
0
Bank and Cash at end of year
37,888
91,651
0
Fixed Assets - Note 13
> Premises
> Fixtures, Fittings, Equipment
> Vehicles
Bank & Cash Balances
Cash & Bank Accounts
Other Assets
Debtors & prepayments - Note 14
Liabilities
Loans
Other - Note 15
Total Funds		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
34,271
82,807
0
3,617
8,844
0
Total 2025
117,078
12,461
129,539
0
662
0
662
132,009
132,009
0
0
0
3,133
3,133
129,539		 Total 2024
93,682
23,396
37,888
91,651
0		 117,078
0
2,162
0
2,162
117,512
117,512
0
0
0
2,596
2,596
117,078

Approved by the Trustees at a meeting and signed on it's behalf by: -

Ms Christine Kirk Chairperson

Mrs L Drumgoole Treasurer & Holding Trustee

Registered Charity in Northern Ireland (NIC101600)

NORTH BELFAST WOMEN'S INITIATIVE AND SUPPORT PROJECT STATEMENT OF ASSETS AND LIABILITIES

YEAR ENDED 28 FEBRUARY 2025

1. ACCOUNTING POLICIES

BASIS OF FINANCIAL STATEMENTS

As the total income of the congregation was more than £250,000 the Charity has to prepare its accounts on an accruals basis, in line with the provisions in The Charities Accounts and Reports Regulations (Northern Ireland) 2015. The same basis is still followed.

The accounts have been prepared in accordance with the Accounting and Reporting of Charities SORP in accordance with FRS102.

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources and the monetary value can be measured with sufficient reliability. This includes claims made under Gift Aid, where applicable.

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Tangible fixed assets are capitalised if they can be used for more than one year and the costs is deemed to be material. They are valued at cost less accumulated depreciation.

2. FUND ACCOUNTING

Endowment funds are funds, the capital of which must be retained either permanently or at the charity's discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Resticted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the charity's general purposes. Designated funds are general funds set aside by the charity for use in the future.

3. DONATIONS AND LEGACIES

Donations and gifts
Gift aid
Legacies and bequests		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2024
0
0
0
0

4. CHARITABLE ACTIVITIES

Grants and awards
Social Economy income
Other income		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
0
144,794
0
144,794
4,200
0
0
4,200
386
0
0
386
4,586
144,794
0
149,380		 Total 2024
217,988
6,518
0
224,506

Registered Charity in Northern Ireland (NIC101600)

5. OTHER INCOME

5. OTHER INCOME
Letting of premises
Trading income
Other income		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2024
0
0
0
0

6. INVESTMENT INCOME

Deposit interest Other investment income

Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2024
0
0
0

8. RAISING FUNDS

Direct expenditure
Fundraising events		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
0
0
0
0
0
0
0
0
0
0
0
0		 Total 2024
0
0
0

9. CHARITABLE ACTIVITIES

9. CHARITABLE ACTIVITIES
Staff costs
Facilitators, Therapists & Tutors
Programe costs - Materials/equipment
Programe costs - Management/admin.
Staff and volunteer Welfare
Other expenses		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
0
83,577
0
83,577
0
15,620
0
15,620
0
7,165
0
7,165
0
6,830
0
6,830
0
787
0
787
0
0
0
0
0
113,979
0
113,979		 Total 2024
71,411
76,037
16,051
10,416
646
0
174,562

10. SUPPORT & GOVERNANCE COSTS

10. SUPPORT & GOVERNANCE COSTS
Depreciation
Rent payable
Light, heat, water
Repairs & maintenance
Insurance
Health & safety (inc PPE)
Advertising, subscriptions
Telephone, postage, IT
Sundry expenses
Office supplies
Legal & professional
Accountancy
Independent Examiner
Bank charges
Trustee meeting expenses
Other expenses		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
0
1,500
0
1,500
0
1,500
0
1,500
0
5,695
0
5,695
0
5,288
0
5,288
0
2,131
0
2,131
0
0
0
0
0
0
0
0
0
1,840
0
1,840
0
3,395
0
3,395
0
622
0
622
0
0
0
0
0
0
0
0
600
0
0
600
369
0
0
369
0
0
0
0
0
0
0
0
969
21,971
0
22,941		 Total 2024
1,500
1,800
4,251
11,710
2,440
0
0
1,247
1,839
940
0
0
400
422
0
0
26,549

Registered Charity in Northern Ireland (NIC101600)

11. TRUSTEES

None of the Trustees (or any person connected with them) received any remuneration or benefits from the Charity during the year.

12. EMPLOYEES

12. EMPLOYEES
The average monthly number of employees during the year was:-
Project Manager
Project Admin / Finance Co-ordinator
Education Co-ordinator
Mentors		 Total 2025
1
1
1
1
4		 Total 2024
1
1
1
1
4

13. FIXED ASSETS

Fixtures & Fittings
Balance b/fwd
Additions / (Disposals)
Depreciation
Balance c/fwd		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total 2025
2,162
0
0
2,162
0
0
0
0
-1,500
0
0
-1,500
662
0
0
662		 Total 2024
3,662
0
-1,500
2,162

14. DEBTORS & PREPAYMENTS

Receivables
Prepaid expenses
15. CURRENT LIABILITIES
Taxation & Social Security costs
Accruals		 Total 2025
0
0
0
Total 2025
1,304
1,829
3,133		 Total 2024
0
0
0
Total 2024
967
1,629
2,596

16. FUND BALANCES

Fund
Unrestricted Funds
Restricted Funds
Endowment Funds
Total		 Balance at
start
Receipts
Payments
Surplus /
(Deficit)
34,271
4,586
969
3,617
82,807
144,794
135,950
8,844
0
0
0
0
117,078
149,380
136,919
12,461		 Transfer
Balance at
end
0
37,888
0
91,651
0
0
0
129,539

Registered Charity in Northern Ireland (NIC101600)